Real estate in Navi Mumbai is all set to witness yet another boom with the prime minister Narendra Modi laying the foundation stone for the Rs 4,000 crore special economic zone at Jawaharlal Nehru Port Trust (JNPT). Navi Mumbai where the property prices are as high as those in Thane is all set to witness […]
Real estate Archive
September 5, 2014 12:49 am
Buying a flat or shop near Metro or Monorail?
Are you planning to buy a new flat near Metro line, Monorail line or any other major infrastructure project in Mumbai? If yes, then be ready to cough up an additional 10 % additional development tax on property transactions in such areas. The residential and commercial properties could get costlier as the state government is […]
September 1, 2014 4:25 am
Residential flats becoming affordable due to reduction is size
Do you live in a small apartment? Many of us whether by choice or necessity live in smaller apartments. But do you know that you are not alone. Many people are going for smaller apartments as residential flats in Mumbai, Thane and Navi Mumbai have become more affordable due to the reduction in their dimension, […]
August 31, 2014 1:02 am
Smart Homes: Conserve, manage, and improve the quality of lifestyle
First it started with smart phones, smart watches and now we have the new trend prevalent in the market boasting about smart homes. This is what many would have seen in Issac Aminov’s Sci-fi series and Jules Verne inspired movies. Even though the concept of these homes is fairly new in Indian and still gaining […]
August 28, 2014 1:30 am
Modi boosts up infrastructural development in Navi Mumbai
Prime Minister Narendra Modi laid the Foundation Stone of Jawaharlal Nehru Port Trust Special Economic Zone (SEZ) , at Sheva in Navi Mumbai. He also laid the Foundation Stone for widening of Port Connectivity Road from JNPT to the National Highway and symbolically handed over land allotment letters to JNPT Project Affected Persons under the […]
August 27, 2014 12:44 am
SBI, reduced its home loan rates …
India’s largest public bank, State Bank of India on Tuesday revised interest rates on home loans. Now SBI will offer uniform interest rate on home loans from effective August 26. SBI has cut interest rate by 5-15 bps on home loans. For the home loans up to Rs 75 lakh, the interest rate will be […]
August 26, 2014 1:39 am
Metro a boon for real estate market
With the growing demand of real estate, there are many areas around Mumbai which have been coming into the limelight. According to the data and surveys conducted by one of the leading real estate portal, capital and rental values in Ghatkopar West have increased nearly 50% in the past 2 to 3 years. And seems […]
August 25, 2014 3:50 am
Housing Paradox in Mumbai
Real estate market of Mumbai is reeling under a peculiar situation, where supply is more and demand is less i.e. oversupply in housing segments. In Mumbai, there is overflow of premium residential and commercial projects and buyer is confused in making a selection. Affordable housing is in demand, but it’s facing the shortage in market. […]
August 23, 2014 2:04 am
CREDAI urges government to abolish the levy of VAT
The Confederation of Real Estate Developers of India (CREDAI) has urged to abolish the levy of Value Added Tax (VAT) on property transactions. CREDAI’s request comes in wake of a Supreme Court order in September last year making it mandatory for payment of VAT on property purchases in the State made from 2006 to 2010. […]
August 22, 2014 2:16 am
Office property market set to strengthen till year end
The office property market is expected to continue to strengthen for the remainder of 2014. The restoration of business confidence is expected to gain steam, on the back of the positive business outlook. Adequate supply in the pipeline in all the markets will ensure steady rentals across the cities in the medium term, while vacancy […]